House repossessions fall to four year low in 2011

The number of properties repossessed by lenders during 2011 dropped to its lowest figure since 2007 (total 36,200) according to the Council of Mortgage Lenders.

Repossessions dropped 2.4% on 2010's total of 37,100 and were 25% down on the peak of 48,300 recorded in 2009.

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